UDM welcomes resignation of PIC board

The United Democratic Movement welcomes the resignation of the Public Investment Corporation’s (PIC) board.

The Mpati Commission can now go ahead and do a thorough investigation into the ins and outs of the allegations of corruption that surrounds the PIC. The UDM has equivocally stated in the past that the current board cannot play judge and jury in the investigation into the apparent corruption at the PIC.

An interim board must be appointed as soon as possible, but not in a rushed manner. The UDM calls on finance minister Tito Mboweni, to ensure that all potential members of an interim board are thoroughly screened and vetted before they are appointed to ensure that the people who serve on it, is above any suspicion.